CANADA LIFE ASSURANCE Co boosted its position in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 17.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 683,482 shares of the financial services provider's stock after buying an additional 102,062 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.11% of Sun Life Financial worth $40,468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of SLF. Human Investing LLC purchased a new stake in shares of Sun Life Financial in the 4th quarter valued at $26,000. Asset Planning Inc purchased a new stake in Sun Life Financial during the fourth quarter valued at about $40,000. BankPlus Trust Department purchased a new stake in Sun Life Financial during the fourth quarter valued at about $40,000. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Sun Life Financial during the fourth quarter valued at about $45,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Sun Life Financial in the third quarter worth about $51,000. 52.26% of the stock is currently owned by institutional investors.
Sun Life Financial Stock Performance
Shares of Sun Life Financial stock traded up $0.40 during midday trading on Thursday, reaching $58.24. 109,771 shares of the company's stock traded hands, compared to its average volume of 676,434. The stock has a 50 day moving average of $55.88 and a 200-day moving average of $57.81. Sun Life Financial Inc. has a 12 month low of $46.41 and a 12 month high of $62.85. The company has a market cap of $33.05 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 1.52 and a beta of 0.87.
Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last announced its earnings results on Wednesday, February 12th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.30. Sun Life Financial had a net margin of 8.08% and a return on equity of 16.86%. On average, equities analysts anticipate that Sun Life Financial Inc. will post 5.19 earnings per share for the current fiscal year.
Sun Life Financial Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, February 26th were given a $0.5876 dividend. This represents a $2.35 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date was Wednesday, February 26th. Sun Life Financial's dividend payout ratio is presently 60.16%.
Analysts Set New Price Targets
SLF has been the subject of several analyst reports. National Bank Financial upgraded Sun Life Financial from a "sector perform" rating to an "outperform" rating in a report on Wednesday, January 15th. Cormark upgraded shares of Sun Life Financial from a "hold" rating to a "moderate buy" rating in a report on Thursday, February 13th. Finally, StockNews.com lowered shares of Sun Life Financial from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".
Check Out Our Latest Research Report on SLF
Sun Life Financial Company Profile
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Free Report)
Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.
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